mathattack
Joined 15 years ago
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Comment · 11 days ago
Comment · 11 days ago
Is photography an example? The painters (to misappropriate an analogy from Paul Graham [0]) had to content with photos that were as accurate at a fraction of the time. Painting lost much of its so called practical use, and even hobbyists were impacted by a much more efficient tool. And then photography became an art. And digital disrupted analog, and phones disrupted the rest of digital. Professional and hobbyist painters pivoted too, moving from capturing realism to abstract and symbolic styles. And hobbyist art continues in analog and digital photography.
Net - hobbyist programming will change, but not necessarily go away. It will morph into “what doesn’t this linear algebra machine see or know?”
Comment · 17 days ago
No word on why. I don’t think that it’s their portfolio companies aren’t recruiting. (They’re in a lot of hyper growth companies)
It could be that they’re not effective being outside the companies they support. (I’ve had weak results from VCs saying “talk to this person”)
It could also be the nature of recruiting has changed. I would think that the “your AI talks to my AI” would increase the value of referrals, but I’ve been wrong before.
Comment · 2 months ago
Yes. For Iceland it was different than the Mortgage crisis elsewhere. (It was currency gambling)
Comment · 2 months ago
Iceland had a debt crisis from 2008-2011. Part of the issue is the currency is small relative to global markets, so investments/speculation/shocks from elsewhere have an outsize impact.
https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_fi...
Comment · 2 months ago
Yes. Especially true when the results are unpopular, and contrary to the internal message.
“Accenture tells us we have 50% more middle managers than our peers” or “Bain tells us our customers don’t like us despite the internal CSAT scoring”
Comment · 3 months ago
Also a single person for the board to hold accountable. In essence the individual that represents the company to outside groups.
It doesn’t have to be this way. Other working cultures have adopted committees as the top. Is is the dominant form in US shareholder capitalism.
The original post is surely satire.
This is especially true when you can use AI to code an almost good enough competitor for cheap.